Enpro Inc. (NYSE:NPO) Position Decreased by Amalgamated Bank

Amalgamated Bank reduced its holdings in Enpro Inc. (NYSE:NPO) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,402 shares of the industrial products company’s stock after selling 117 shares during the quarter. Amalgamated Bank’s holdings in Enpro were worth $932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NPO. Norges Bank acquired a new stake in shares of Enpro during the fourth quarter worth $24,026,000. US Bancorp DE lifted its stake in Enpro by 1.7% during the fourth quarter. US Bancorp DE now owns 9,305 shares of the industrial products company’s stock valued at $1,458,000 after buying an additional 158 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Enpro by 1,079.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,638 shares of the industrial products company’s stock valued at $1,511,000 after buying an additional 8,821 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Enpro by 51.3% in the fourth quarter. Schroder Investment Management Group now owns 104,837 shares of the industrial products company’s stock worth $16,432,000 after buying an additional 35,546 shares during the period. Finally, Trigran Investments Inc. raised its holdings in shares of Enpro by 17.2% during the fourth quarter. Trigran Investments Inc. now owns 101,067 shares of the industrial products company’s stock valued at $15,841,000 after acquiring an additional 14,864 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Enpro Stock Performance

Shares of NPO stock opened at $161.80 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of -1,155.71 and a beta of 1.40. Enpro Inc. has a 1-year low of $106.08 and a 1-year high of $176.13. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $156.48 and its 200-day simple moving average is $154.12.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. The company had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. On average, sell-side analysts predict that Enpro Inc. will post 7.4 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. Enpro’s payout ratio is -857.14%.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the sale, the chief accounting officer now directly owns 604 shares in the company, valued at $90,636.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.